(d) \_Cape Town Convention\_. For the purposes of the Cape Town Convention and
any other Applicable Law: (i) upon the acceptance of the Aircraft by Lessee
under this Lease, and Lessee’s grants and assignments contemplated in the
Lease Documents or other Transaction Documents, Lessee shall be situated in,
and will have caused the Aircraft to be duly registered in Lessor’s name in,
the United States (which is a contracting state); (ii) with respect to any of
the Transaction Documents relating to the Airframe or any Engine, each of the
respective parties thereto has power to dispose of the Airframe and Engines,
as contemplated therein by way of the relevant Transaction Document; and (iii)
the Purchase Documents qualify as a “contract of sale”, and the Lease
Documents are effective to constitute international interests in the Airframe
and any Engine and security assignments of the related associated rights and
transfer of the related international interests, as contemplated therein, and
each such Registerable Interest will be effective against third parties upon
registration at the International Registry, without any further filings or
registrations (except as contemplated in the Lease Documents).



4.4 \*\*Liquidity Account\*\*. Without limiting the foregoing, upon Lessor’s
purchasing the Aircraft, and Lessee’s acceptance of the Aircraft under this
Lease on the Acceptance Date:



(a) Lessee shall at all times cause an amount not less than the Liquidity
Amount to be deposited in the Liquidity Account.